SOLD | Award Winning Fast Casual Restaurant|

This highly awarded, neighborhood favorite restaurant averages over $140,000 in Seller Discretionary Earnings (Full time owner-operator model). It is known as the local favorite for having high quality fast-casual food in a great family environment. Average customer ratings range from 4 to 4.5 stars. This business has a Type 41 liquor (beer and wine) license.

This business was started in 2013 on the San Mateo coast and has averaged over $1.2 Million in sales during the last three years. The landlord is amenable to executing a new lease with wellqualified buyers (current lease option expires in 2021).

Note that the owner is interested in selling to experienced full-time owner-operators only. The owner currently works 10 hours/week at this restaurant due to other business interests.

Due to upcoming retirement plans they have priced the business at a great price and are not interested in considering seller financing. Well qualified, owner operators will need approximately $100,000 down payment (SBA).

Offering price is $375,000 (plus inventory).

Business Listing Data Sheet

Business Listing Data Sheet for SOLD | Award Winning Fast Casual Restaurant (Filetype: PDF)

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Basic Details

Listing #SB705
BrokerJohn LaMay
Phone4087579599
General LocationSan Mateo County, CA
Price$375,000.00
Revenue$1,206,669.00
Revenue Details2017 Gross
Adjusted Net/SDE (Seller's Discretionary Earnings)$140,000.00
Adjusted Net/SDE Details3-year weighted average
Industry
Hours of OperationMonday though Sunday
Business Owned Since2013
Established2013
Reason for SellingRetirement
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